XAUUSD LONG- ASIA SESSION - 1:6 RR
Good Morning Asia,
On Monday, I shared a Long opportunity with my second target at 2369.80. Although I'm still holding this position, I've identified a scalp opportunity this morning with a good R:R opportunity of 1:6.
Price is currently accumulating and preparing for that final bullish expansion towards 2369.80. I believe a bearish continuation in-line with the Daily will take place after this move, see below:
https://www.tradingview.com/x/nCfQjLjt/
On the LTF, price is currently in a 15mins bullish range. Therefore, I'm anticipating a purge of the recent low within the 15mins range at 2357.78. This is where I'll be entering with my SL below the low. My target is 1:6 towards 2347.35
Trade safe and use appropriate risk.
On Monday, I shared a Long opportunity with my second target at 2369.80. Although I'm still holding this position, I've identified a scalp opportunity this morning with a good R:R opportunity of 1:6.
Price is currently accumulating and preparing for that final bullish expansion towards 2369.80. I believe a bearish continuation in-line with the Daily will take place after this move, see below:
https://www.tradingview.com/x/nCfQjLjt/
On the LTF, price is currently in a 15mins bullish range. Therefore, I'm anticipating a purge of the recent low within the 15mins range at 2357.78. This is where I'll be entering with my SL below the low. My target is 1:6 towards 2347.35
Trade safe and use appropriate risk.
Trade active
Trade closed: stop reached
Re-entered with my new stop at 2354.72
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.